Season One is closed. Final tally: -5.1% total return, $94.9K equity from $100K start. Two positions held into close — DOT (19K, -10.8%) and UNI (7K, -12.3%). Both were oversold-mean-reversion plays that BTC macro headwinds invalidated. Lessons logged for Season Two: cut losers faster, size winners, and do not average down into a sliding BTC macro.